Tactical Rotation Fund (C)

Cavalier Tactical Rotation Fund - C Shares - CATOX

An investment in the Cavalier Family of Funds may be subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Funds will be successful in meeting their investment objectives. Investment in the Funds is also subject to the following risks: Acquired Fund Risk, Asset-Backed Securities Investment Risk, Closed-End Fund Risk, Commodities Risk, Common Stock Risk, Control of Portfolio Funds Risk, Convertible Securities Risk Corporate Debt Securities Risk, Credit Risk, Currency Risk, Cybersecurity Risk, Depository Receipts, Derivatives Risk, Energy Sector Risk, ETFs Risk, Fixed Income Risk, Foreign Securities and Emerging Markets Risk, Fund of Funds Risk, Futures Risk, High-Yield Risk, Inflation Risk, Interest Rate Risk, Investment Advisor Risk, Large-Cap Securities Risk, Leverage Risk, Liquidity Risk, Market Risk, Master Limited Partnership Risk, Micro-Cap Securities Risk, Mortgage-Backed Securities Risk, Other Equity Securities Risk, Preferred Equity Risk, Portfolio Turnover Risk, Quantitative Model Risk, REIT Risk, Risks from Purchasing Options, Risks from Treasury Inflation-Protected Securities, Risks from Writing Options, Short Sales Risk, Small-Cap and Mid-Cap Securities Risk, Swaps Risk, and U.S. Government Securities Risk. Some of the Cavalier Funds may invest in foreign securities and emerging markets, and these investments have risks that differ significantly from those associated with domestic securities. Some of the Cavalier Funds may use leverage, which may exaggerate changes in a portfolio fund’s share price and the return on its investments and accordingly, the value of those Funds’ investments in portfolio funds may be more volatile than all other risks, including the risk of loss of an investment, tend to be compounded or magnified. Some of the Cavalier Funds and Portfolio Funds may invest in junk bonds, including bonds of issuers in default, and other fixed income securities that are rated below investment grade. More information about these risks can be found in the Funds’ prospectus.

The Cavalier Funds are distributed by Capital Investment Group, Inc., Member FINRA /SIPC , 100 E Six Forks Rd, Suite 200, Raleigh, NC, 27609, (800) 773-3863. There is no affiliation between Cavalier Investments, the Investment Advisor to the Funds, including its principals, and Capital Investment Group, Inc.